Better Discovery than Nexgen's Arrow Discovery
Fissions PLS deposit has taken the focus away from other deposits in the basin.
People forget that Forum has better results at the Otis and Barnie zones than Nexgen has near PLS.
Here is a summary:
-25M grading .21% U3O8 including 1.8% over .5M
-mineralization in 5 holes and deposit is open to the east along the unconformity
-zone A - 4.5M radioactivity with 1.2M off scale
-Otis - 40M of radioactivity with off scale
The Clearwater drilling is exciting because it is on the same conductor and close to PLS.
However the drilling announced today by Forum is even more exciting because they already have a discovery here and the geologists have a lot more information obtained in previous drilling campaigns
The discovery announced April 10, 2013 actually has more mineralization than Nexgen's Arrow discovery.
Nexgen and Forum both own one third of this project and both would get a good boost with a discovery.